Carriage Services (NYSE:CSV) Sets New 12-Month Low – Should You Sell?

Shares of Carriage Services, Inc. (NYSE:CSV) hit a new 52-week low on Tuesday . The company traded as low as $33.10 and last traded at $33.24, with a volume of 83164 shares changing hands. The stock had previously closed at $33.65.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Roth Capital set a $46.00 target price on Carriage Services in a research report on Friday, August 7th. Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Zacks Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research report on Friday, August 7th. Finally, Oppenheimer initiated coverage on Carriage Services in a report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Carriage Services Trading Down 1.5%

The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92. The company has a market cap of $525.77 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The firm has a 50-day moving average price of $37.35 and a 200 day moving average price of $41.67.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The business had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts forecast that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.4%. Carriage Services’s payout ratio is 16.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in shares of Carriage Services by 882.2% during the second quarter. California State Teachers Retirement System now owns 7,553 shares of the company’s stock valued at $290,000 after buying an additional 6,784 shares during the last quarter. Susquehanna International Group LLP boosted its position in Carriage Services by 198.2% during the 2nd quarter. Susquehanna International Group LLP now owns 26,989 shares of the company’s stock worth $1,035,000 after acquiring an additional 17,939 shares during the period. Parvin Asset Management LLC bought a new position in shares of Carriage Services in the second quarter worth $735,000. Punch & Associates Investment Management Inc. bought a new position in shares of Carriage Services in the second quarter worth $9,562,000. Finally, Bank of America Corp DE acquired a new position in shares of Carriage Services during the second quarter valued at $1,541,000. 66.46% of the stock is owned by institutional investors and hedge funds.

About Carriage Services

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.